Fulton Breakefield Broenniman LLC Invests $224,000 in U.S. Bancorp (NYSE:USB)

Fulton Breakefield Broenniman LLC purchased a new position in shares of U.S. Bancorp (NYSE:USB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,184 shares of the financial services provider’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Scotia Capital Inc. lifted its stake in U.S. Bancorp by 2.9% in the 3rd quarter. Scotia Capital Inc. now owns 35,012 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 990 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in U.S. Bancorp by 33.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 62,539 shares of the financial services provider’s stock valued at $2,707,000 after purchasing an additional 15,665 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in U.S. Bancorp in the 4th quarter valued at approximately $4,073,000. abrdn plc lifted its stake in U.S. Bancorp by 71.9% in the 4th quarter. abrdn plc now owns 652,401 shares of the financial services provider’s stock valued at $28,236,000 after purchasing an additional 272,976 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of U.S. Bancorp by 19.4% during the third quarter. Van ECK Associates Corp now owns 8,677,378 shares of the financial services provider’s stock valued at $286,874,000 after acquiring an additional 1,410,324 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Up 0.3 %

Shares of NYSE USB traded up $0.13 during mid-day trading on Friday, reaching $41.12. 4,512,229 shares of the company’s stock traded hands, compared to its average volume of 7,300,433. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50-day simple moving average of $42.34 and a 200 day simple moving average of $40.11. U.S. Bancorp has a 1-year low of $27.27 and a 1-year high of $45.85. The stock has a market cap of $64.07 billion, a P/E ratio of 13.62, a PEG ratio of 2.12 and a beta of 1.05.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the firm earned $1.16 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. On average, analysts expect that U.S. Bancorp will post 3.86 EPS for the current fiscal year.

U.S. Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend was Wednesday, March 27th. U.S. Bancorp’s dividend payout ratio is 64.90%.

Insiders Place Their Bets

In other U.S. Bancorp news, EVP James L. Chosy sold 21,582 shares of U.S. Bancorp stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $41.47, for a total value of $895,005.54. Following the sale, the executive vice president now owns 164,880 shares of the company’s stock, valued at $6,837,573.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Terrance R. Dolan sold 26,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $43.37, for a total value of $1,152,904.71. Following the sale, the insider now owns 144,236 shares of the company’s stock, valued at $6,255,515.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James L. Chosy sold 21,582 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $41.47, for a total transaction of $895,005.54. Following the transaction, the executive vice president now directly owns 164,880 shares of the company’s stock, valued at approximately $6,837,573.60. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Oppenheimer dropped their price target on shares of U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Wells Fargo & Company dropped their price target on shares of U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Morgan Stanley raised their price target on shares of U.S. Bancorp from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Compass Point upgraded shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $49.00 in a research report on Friday, March 22nd. Finally, Piper Sandler reiterated a “neutral” rating on shares of U.S. Bancorp in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.14.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.